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Netscape to Create a New Unit
That Will Focus on Web Site

By

Kara SwisherStaff Reporter of The Wall Street Journal

Updated March 25, 1998 3:19 p.m. ET

Netscape Communications Corp., the once-hot Internet-software pioneer that has seen its financial results and stock price wither in recent months, announced a reorganization Wednesday creating a new division focusing exclusively on its Web-site business.

The move underscores the strategic and financial importance that Netscape officials are placing on its popular Internet site. The division will be headed by Mike Homer, who has long been in charge of sales and marketing at the company.